Gambling Strategy - Parley

Summary

Parley is the famous 'double or nothing' strategy. It is a system where you increase your stake as you win to capitalise on a winning streak.

Parley - method

While this strategy is used on many games it is ideally suited to even money bets.

Game	Bet
Baccarat	Player/Dealer
Roulette	Red/Black

Pick your colour and stick to it. When you lose simply re-bet your previous stake. When you win double your original stake and double again if you win again ( Martingale in reverse).

Your winnings can soon snowball into big figures:

No. of times won in a row	£1 Starting stake	£2 Starting stake	£5 Starting stake
Start	£1	£2	£5
1	£2	£4	£10
2	£4	£8	£20
3	£8	£16	£40
4	£16	£32	£80
5	£32	£64	£160
6	£64	£128	£320
7	£128	£256	£640

However the moment you lose, all your would-be profits are gone. Set yourself a cut off point as to when you stop doubling say 3 wins in a row. A good gambler know not to push their luck.